Peter Thiel Built His Fortune On This One Business Secret
Imagine handing half a million bucks to a 19-year old college kid. That’s what Silicon Valley billionaire Peter Thiel did in the summer of 2004.Q2 2020 hedge fund letters, conferences and moreHow Thiel Built His FortuneThiel backed Mark Zuckerberg when he was just an arrogant kid who wore flip-flops to business meetings. “Zuck” founded thefacebook.com earlier that year, and he was begging for cash to grow the dorm-room startup.Thiel cut Zuck a check for $500,000. Within five years, it grew 2,000 fold to $1 billion as thefacebook.com became Facebook (FB).Peter Thiel built his fortune on one bus...